WASHINGTON – President Biden received a recurring payment of $1,380 from his son Hunter’s law firm beginning in late 2018, shortly after a bank money laundering official warned that the same account was receiving millions of dollars in funds linked to the Chinese government without “any services provided.”
A bank order shows that Owasco PC arranged a “monthly” transfer to then-former Vice President Joseph R. Biden Jr., with a voided check for the future president included in the paperwork, which was released Monday by the House Oversight Committee.
A source told The Post that at least three recurring payments were made, on Sept. 17, Oct. 15 and Nov. 15, 2018, totaling $4,140 to Biden’s father from Owasco PC, according to records company banking.
“President Biden and his family must be held accountable for this blatant corruption,” Oversight Committee Chairman James Comer (R-Ky.) said in a video statement.
“Today, the House Oversight Committee is releasing requested bank records showing that Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden. “This was not a payment from Hunter Biden’s personal account but rather an account from his corporation that received payments from China and other shady corners of the world,” Comer said.
“At this time, Hunter Biden is under investigation by the Department of Justice for using Owasco PC for tax evasion and other serious crimes. And based on whistleblower testimony, we know that the Justice Department made a concerted effort to prevent investigators from asking questions about Joe Biden. I wonder why?”
According to documents released by the House Oversight Committee, Joe Biden received monthly payments of $1,380 from his son Hunter’s law firm beginning in 2018. REUTERS/Nathan Howard
The White House had no immediate comment on the post, but it is possible that the funds were intended to pay Joe Biden for car payments.
Earlier that year, a January 2019 email from aide Katie Dodge to Hunter Biden noted several expenses, including “Ford Raptor – Reimbursement to JRB – $1,380.”
However, the source of the funds is unclear, and additional records show that Hunter Biden was knee-deep in two of his most controversial business relationships at the time, with Ukraine’s Burisma Holdings and CEFC China Energy.
The evidence emerged as House Republicans prepare to question first brother James Biden on Wednesday and Hunter next week about the president’s role in his family’s dealings in countries like China and Ukraine, with a possible vote on the plenary session to authorize the impeachment inquiry underway this month.
While he was a presidential candidate, Joe Biden denied ever discussing business with his relatives, but evidence has since shown that he met with his relatives’ associates from both the Burisma and CEFC companies.
Documents from the first son’s abandoned laptop show that Burisma board advisor Vadym Pozharskyi searched for “bank reference” information on September 14, 2018, a day before the initial transfer was requested to Joe Biden. However, the transaction was not executed for two days, apparently due to the form being submitted later than expected.
Joe Biden met Pozharskyi at a dinner on April 17, 2015 at Café Milano in DC. An unproven FBI informant said Burisma owner Mykola Zlochevsky claimed in 2016 that he was “forced” to pay $10 million in bribes to the Bidens for his help in ousting prosecutor Viktor Shokin.
Hunter was also at the end of the disbursement of millions of dollars received from CEFC China Energy, one of the Biden family’s two major deals with companies linked to the Chinese government.
On June 26, 2018, less than three months before Joe Biden began receiving monthly transfers, an in-house Bank Secrecy Act expert warned colleagues that the institution should reconsider its relationship with Hunter as a result of Owasco PC appeared to receive Chinese funds without “any services provided.”
CEFC transferred $5 million to another entity linked to the Biden family, Hudson West III, in August 2017 after Hunter warned a China-based associate of his father’s wrath if a trade deal was canceled. Much of the large transfer later went to Hunter’s PC in Owasco.
According to a source, the documents show that Hunter Biden’s firm Owasco PC made at least three monthly payments to Joe Biden. REUTERS/Tom Brenner
Previous bank records released by the Oversight Committee indicate that Joe Biden received payments of $40,000 and $200,000 from his brother James, who was also involved in the CEFC company and other foreign-focused companies.
Comer alleged that the $40,000 transferred to Joe Biden’s bank account on September 3, 2017 came from “laundered” Chinese funds.
James Biden paid Joe Biden $200,000 on March 1, 2018, the same day James received a $200,000 transfer from troubled rural hospital company Americore after pledging to use his political connections to land a Middle Eastern investor. , according to bankruptcy filings.
The White House says there is evidence that both transfers were loan repayments, but Republicans argue that they have not seen the loan agreement documents and point out that the funds distributed to James came from a law firm, and not from Joe himself. Biden, which further clouds the picture.
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